HTS: The B team of United States and Israel

The clandestine ties between Israel and Hayat Tahrir al-Sham (HTS) that took over Damascus last Sunday are coming under close scrutiny. It is our humble request to all the Muslims that they should try to understand the dirty drama being staged by United States with the connivance of Israel.

The HTS is originally an offshoot of ISIL, also known as ISIS and Daesh in Arabic, and al-Qaeda. It was previously referred to as the Nusra Front, underwent a rebranding in 2017 to alter public perception regarding its past actions.

Israel’s support for ISIL and al-Qaeda terrorists who fought against the Syrian government after the 2011 Arab Spring. Soon after the rebels seized the Syrian capital, Israel began a widespread bombing campaign pounding the country’s military facilities. The Israeli strikes were aimed at destroying Syria’s military capabilities amid fears that they could potentially be used against the regime. 

Israel also violated the 1974 agreement with Syria and deployed its ground troops into the Syrian territory.  The Israeli military has seized control of a demilitarized buffer zone in the Golan Heights in Syria that was created as part of the accord. Its forces have occupied some regions inside Syria beyond the zone.

The most striking is that HTS has kept mum about the Israeli airstrikes and ground incursion into Syria for several days. 

On Friday, Syria’s transitional government that operates under the supervision of HTS leader Ahmed al-Sharaa – formerly known by his nom de guerre, Abu Muhammad al-Jolani, condemned Israel’s aggression against Syria. 

In a letter to the United Nations, the new transitional government described Israel’s land grab in Syria as a serious violation of the1974 armistice agreement. 

The letter also rebuked Israel for conducting air raids across Syria. 

"The Syrian Arab Republic condemns in the strongest terms this Israeli aggression," it said. 

Syria’s current rulers have been under fire over their inaction in the face of Israel’s acts of aggression. 

The statement's issuance aims to redirect attention from the rebels' inaction regarding Israel's appropriation of land and its airstrikes in Syria.

HTS members, many of whom are former members of Al-Qaeda and ISIL, received support from Israel in the wake of the civil war in Syria that followed the Arab Spring. 

Israeli media disclosed in 2014 that the Israeli military not only offered medical assistance to terrorists fighting in Syria but also maintained connections with them. 

UN observers in the Golan Heights meticulously detailed instances of contact between Israeli troops and rebels, including Syrians being sent into Israel for medical treatment, and the transfer of items and containers, the Times of Israel reported in December 214, citing records maintained by the UN disengagement force in the Golan demilitarized zone.

The rebels are currently attempting to obscure their connections with Israel under the guise of a new name, as they anticipate an increase in anti-regime sentiment due to its aggressive actions in Syria.

 

A prospective US war with Iran is pending

United States interference, at the behest of Netanyahu’s far-right Israel, has left the Middle East in ruins, with over a million dead and open wars raging in Libya, Sudan, Somalia, Lebanon, Syria, and Palestine, and with Iran on the brink of a nuclear arsenal.

The story is simple, in stark violation of international law, Israeli Prime Minister Benjamin Netanyahu and his ministers claim the right to rule over seven million Palestinians. When Israel’s occupation of Palestinian lands leads to militant resistance, Israel labels the resistance “terrorism” and calls on the US to overthrow the Middle East governments that back the “terrorists.” The US, under the sway of the Israel Lobby, goes to war on Israel’s behalf.

The fall of Syria this past week is the culmination of the US-Israel campaign against Syria that goes back to 1996 with Netanyahu’s arrival to office as Prime Minister. The US-Israel war on Syria escalated in 2011 and 2012, when Barack Obama covertly tasked the CIA with the overthrow of the Syrian Government in Operation Timber Sycamore. That effort finally came to “fruition” this week, after more than 300,000 deaths in the Syrian war since 2011.

Syria’s fall came swiftly because of more than a decade of crushing economic sanctions, the burdens of war, the US seizure of Syria’s oil, Russia’s priorities regarding the conflict in Ukraine, and most immediately, Israel’s attacks on Hezbollah, which was the key military backstop to the Syrian Government. No doubt Assad often misplayed his own hand and faced severe internal discontent, but his regime was targeted for collapse for decades by the US and Israel.

Since 2011, the US-Israel perpetual war on Syria, including bombing, jihadists, economic sanctions, US seizure of Syria’s oil fields, and more, has sunk the Syrian people into misery.

In the immediate two days following the collapse of the government, Israel conducted about 480 strikes across Syria, and completely destroyed the Syrian fleet in Latakia. Pursuing his expansionist agenda, Prime Minister Netanyahu illegally claimed control over the demilitarized buffer zone in the Golan Heights and declared that the Golan Heights will be a part of the State of Israel “for eternity.”

Netanyahu’s ambition to transform the region through war, which dates back almost three decades, is playing out in front of our eyes. In a press conference on December 09, 2024 the Israeli prime minister boasted of an “absolute victory,” justifying the on-going genocide in Gaza and escalating violence throughout the region.

The long history of Israel’s campaign to overthrow the Syrian Government is not widely understood, yet the documentary record is clear. Israel’s war on Syria began with US and Israeli neoconservatives in 1996, who fashioned a “Clean Break” strategy for the Middle East for Netanyahu as he came to office.

The core of the “clean break” strategy called for the Israel (and the US) to reject “land for peace,” the idea that Israel would withdraw from the occupied Palestinian lands in return for peace. Instead, Israel would retain the occupied Palestinian lands, rule over the Palestinian people in an Apartheid state, step-by-step ethnically cleanse the state, and enforce so-called “peace for peace” by overthrowing neighboring governments that resisted Israel’s land claims.

The Clean Break strategy asserts, “Our claim to the land—to which we have clung for hope for 2000 years—is legitimate and noble,” and goes on to state, “Syria challenges Israel on Lebanese soil. An effective approach, and one with which the US can sympathize, would be if Israel seized the strategic initiative along its northern borders by engaging Hizballah, Syria, and Iran, as the principal agents of aggression in Lebanon…”

In his 1996 book Fighting Terrorism, Netanyahu set out the new strategy. Israel would not fight the terrorists; it would fight the states that support the terrorists. More accurately, it would get the US to do Israel’s fighting for it.

 

As he elaborated in 2001, the first and most crucial thing to understand is this: There is no international terrorism without the support of sovereign states.… Take away all this state support, and the entire scaffolding of international terrorism will collapse into dust.

Netanyahu’s strategy was integrated into US foreign policy. Taking out Syria was always a key part of the plan. This was confirmed to General Wesley Clark after 9/11.

He was told, during a visit at the Pentagon, that “we’re going to attack and destroy the governments in seven countries in five years—we’re going to start with Iraq, and then we’re going to move to Syria, Lebanon, Libya, Somalia, Sudan and Iran.”

Iraq would be first, then Syria, and the rest. (Netanyahu’s campaign for the Iraq War is spelled out in detail in Dennis Fritz’s new book, Deadly Betrayal. The role of the Israel Lobby is spelled out in Ilan Pappé’s new book, Lobbying for Zionism on Both Sides of the Atlantic). The insurgency that hit US troops in Iraq set back the five-year timeline, but did not change the basic strategy.

The US has by now led or sponsored wars against Iraq (invasion in 2003), Lebanon (US funding and arming Israel), Libya (NATO bombing in 2011), Syria (CIA operation during 2010’s), Sudan (supporting rebels to break Sudan apart in 2011), and Somalia (backing Ethiopia’s invasion in 2006).

A prospective US war with Iran, ardently sought by Israel, is still pending.

Syria to face Libya or Sudan like situation

In a commentary published on December 09, 2024, a Middle East security expert at Princeton University says once the Syrian opposition gets rid of their common enemy and the process of shaping the future begins, their differences will surface, and it remains uncertain how reconcilable these differences will be. Even if there are no internal disagreements among the opposition, their conflicts with the Kurds and Turkey's stance on this issue alone pose a major obstacle to establishing a consensus-based order. This could keep Syria in a prolonged political and security crisis, similar to Libya and Sudan.

Following is the text of the article:

The Baathist system in Syria, after nearly 60 years of rule, has been overthrown and Bashar al-Assad has fled to Moscow. Syria stood alongside Iran during its invasion by Saddam Hussein, and Iran, in turn, stood with the Syrian and Iraqi governments during the assault by the Islamic State (IS) group and al-Qaeda on Syria and Iraq from 2011 to 2017.

The alliance of Russia, Iran and the Axis of Resistance led to the defeat of militant groups and the preservation of the sovereignty of these two Arab countries. However, at the same time, Assad's government had no alignment with democracy, and western and Arab leaders were fearful and angry about the extensive presence and influence of Iran and Russia in Syria. In any case, the overthrow of the Syrian political system has created a major shift in the region's geopolitics.

In the short term, Iran, Russia, Iraq and the Axis of Resistance will be the main losers from Assad's downfall. The collapse of the Assad government will be a major blow to the axis, weakening Iran's geopolitical influence in the region.

Syria has been the only land route for the supply and transfer of weapons to Hezbollah, and cutting off this route not only creates a strategic challenge for Hezbollah but also weakens Iran's leverage in the Palestinian issue. Moreover, the potential spread of insecurity to Iraq and Iran - and the weakening of Iran's diplomatic support - are significant consequences for Iran and the axis.

Turkey main winner

The fall of the Syrian government could also pose threats to Iraq's security, both in terms of the Kurdish region and from the aspirations of extremist groups for Sunni-majority areas in the country, as well as the potential activation of IS sleeper cells.

In the short term, Israel might find an opportunity to further weaken Hezbollah and the axis in the entire region. However, the activities of new Islamist armed groups at its borders, the rise of Islamist movements and the potential impact on Syria's future stance on the Palestinian issue and the occupied Golan Heights could increase long-term national security threats for Israel.

In the short term, the US and the West will be winners because the fall of Assad will significantly reduce Russian and Iranian influence in the region.

However, the Islamist group that seized Damascus and toppled Assad, Hay'at Tahrir al-Sham (HTS), was proscribed as a terror organization by the Britain in 2017 and the US in 2018 because of its links to al-Qaeda. HTS is led by Abu Mohammad al-Jolani (real name Ahmed al-Sharaa), who was designated a terrorist by the US in 2013.

It is uncertain how the collapse of Syria's secular government and the rise of Islamists will impact the long-term interests of the US, with the differing perspectives between the US and Turkey on the Kurdish issue, the ambiguity surrounding the future actions of the opposition and the prospect of increasing instability in the region.

Turkey is the main winner. Ankara may hope to resolve the Syrian refugee crisis in Turkey, exert more effective control over the Kurds and strengthen its role in the Palestinian issue, as well as cement alliances with like-minded groups in the region.

While Arab countries are also pleased with the reduction of Iran's influence in Syria, the military operations of HTS and other militant groups were managed and organied by Turkey, all of which have an affiliation with the Muslim Brotherhood.

Several Arab countries, such as Egypt, Saudi Arabia, the UAE and Jordan, are opponents of the Muslim Brotherhood and its ideology. Therefore, Turkey's power projection in the region and the Brotherhood's potential future dominance in Syria could be perceived as a new threat by some Arab countries.

Regarding the political future of Syria, two scenarios can be imagined: a peaceful transition to a new system; or a Libyan and Sudanese-style outcome.

A peaceful transition could be achieved if the opposition continues with its moderate rhetoric and actions. However, it is composed of diverse and fragmented groups that have united solely to eliminate a common enemy.

Once this shared enemy is removed and the process of shaping the future begins, their differences will surface, and it remains uncertain how reconcilable these differences will be.

Even if there are no internal disagreements among the opposition, their conflicts with the Kurds and Turkey's stance on this issue alone pose a major obstacle to establishing a consensus-based order. This could keep Syria in a prolonged political and security crisis, similar to Libya and Sudan.

Another important factor is the conflicting interests of the many external actors, who will each try to increase their influence over Syria's situation in various ways.

In any scenario, future developments in Syria will have a significant impact on the region's geopolitics. Therefore, finding a solution that is acceptable to both regional and global powers is crucial.

In April 2017, at the Carnegie Conference in Washington, I proposed 10 principles for resolving the Syrian crisis: 1) Resolving the Syrian crisis through diplomacy, not war; 2) A face-saving solution for all the main parties involved;  3) Serious and collective cooperation to eradicate terrorism from Syria; 4) Preserving Syria's territorial integrity and sovereignty; 5) Preventing the collapse of the Syrian army and security institutions; 6) Forming an inclusive government in Syria; 7) Building a new Syria based on the will and vote of the majority of the Syrian nation; 8) Ensuring the protection of minorities in Syria; 9) Holding free elections under the supervision of the United Nations regarding the new government and constitution of Syria; 10) A comprehensive package of economic aid for Syria's reconstruction, the return of refugees, and other humanitarian issues.

Although there was no receptive ear for these ideas at that time, today, these 10 principles could still be a comprehensive and sustainable package to resolve the Syrian crisis.

Courtesy: Tehran Times

Saudi Arabia blames veto power abuse

Ambassador Abdulaziz Al-Wasil, Saudi Arabia’s permanent representative to the United Nations, criticized the abuse of veto power and reiterated the Kingdom’s call for a ceasefire in Gaza while addressing the United Nations General Assembly’s (UNGA) 10th emergency special session on Palestine.

The session focused on two key resolutions: one supporting the mandate of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) and the other demanding a ceasefire in Gaza.

He also welcomed the ceasefire in Lebanon, condemning Israeli violations of the agreement, and emphasized the importance of UNRWA's role while denouncing Israeli actions against the agency, including targeted legislation and efforts to undermine its mandate.

The ambassador highlighted Saudi Arabia’s steadfast support for the Palestinian people, advocating for peace based on the two-state solution, the Arab Peace Initiative, and international legitimacy resolutions.

He called for active participation in the high-level international conference on resolving the Palestinian issue, which Saudi Arabia and France will co-chair in June in New York.

Al-Wasil also condemned Israeli attacks on Syrian territories, stressing that these violations undermine Syria’s stability and sovereignty.

He reaffirmed the Arab and Syrian identity of the occupied Golan Heights and condemned Israel’s continued disregard for international law.

During the session, the Saudi delegation voted in favor of both resolutions. The resolution supporting UNRWA’s mandate was adopted with 159 votes in favor, 9 against, and 11 abstentions. The resolution demanding a ceasefire in Gaza received 158 votes in favor, 9 against, and 13 abstentions.

The ambassador reaffirmed Saudi Arabia's commitment to promoting peace, condemning aggression, and supporting the Palestinian cause.

 

PSX benchmark index up 5%WoW

Pakistan Stock Exchange (PSX), despite experiencing volatility recorded a hefty increase of 5,248 points in benchmark index. Market closed at another high of 114,302 points, marking an increase of 5%WoW on Friday, December 13, 2024.

With the CPI remaining below the 5% threshold and T-Bills yields in the recent auction dropping to 12% for the 3-months and 6-months paper, down 100bps and 89bps respectively, investors’ optimism has been bolstered, fueling expectations for continued monetary easing in the upcoming (MPC) meeting scheduled for December 16, 2024.

The news about potential imposition of additional tax on banks put the sector under pressure.

Automotive industry sales for November 2024 were reported at 13,856 units, up 37%YoY.

Workers’ remittances grew to US$2.9 billion, up 29.1%YoY.

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by US$13 million to US$12.0 billion as of December 06, 2024.

Average daily trading volume declined by 19.0%WoW to 1.4 billion shares, from 1.7 billion shares traded in the earlier week.

PKR remained stable against the greenback, closing the week at PKR278.12 to a US$.

Other major news flow during the week included: 1) assets under management mutual funds exceeded PKR3 trillion mark, 2) Petroleum Division will soon start issuing notices to CPPs for disconnecting gas supply, 3) Punjab government to give free solar panels to 100,000 households, 4) National Savings reduces profit rates by up to 250bps and 5) PAF announced to buy PIA engineering unit for PKR6.5 billion.

Oil & Gas Exploration companies, Mutual Funds, Oil & Gas Marketing Companies, Refinery and Miscellaneous were amongst the top performers, while Commercial Banks, Modarabas, Textile Spinning, Synthetic & Rayon and Automobile Parts & Accessories were amongst the laggards.

Major selling was recorded by Brokers with a net sell of US$3.3 million, while Mutual Funds absorbed most of the selling with a net buy of US$8.6 million.

Top performing scrips of the week were: MARI, SHEL, ATRL, NML, and PSO, while laggards included: ABL, BAFL, MEBL, BAHL and BOP.

Continuation of monetary easing due to disinflationary environment and improving macroeconomic environment would make investment in equities more appealing, currently trading at P/E of 5.7x and DY of 8.7%.

Aforementioned factors, along with declining external financing requirement under the IMF program, would keep foreigners’ interest alive.

AKD Securities recommends sectors that benefit from monetary easing and structural reforms. However, modest economic recovery may limit the upside for cyclicals.

Top picks of the brokerage house include, OGDC, PPL, MCB, HBL, FFC, PSO, LUCK, MLCF, FCCL and INDU.

 

Iran to lose oil sales to Syria

According to Argus, the removal of Syrian president Bashar al-Assad from power over the weekend has not only dealt a major blow to Iran and its designs for the Levant region, but it has also eliminated a critically important outlet for Tehran's sanctions-hit oil. Iran produced around 3.33 million bpd during September-November.

Long considered Iran's top Arab ally, Assad enjoyed significant military and economic support from Tehran over the past decade, as Iran saw him as the focal point for its regional influence. Syria also provided the main supply routes to Lebanon's Hezbollah militia, the crown jewel in Iran's so-called ‘Axis of Resistance'.

Part of Iran's assistance was in the form of shipments of crude and refined oil products to help Assad's regime meet fuel demand in the areas under its control.

Once more than a 600,000 barrels per day (bpd) producer, Syria's crude output has been on the decline over the past three decades. Just before the start of the civil war in 2011, production had already slipped below 400,000 bpd. lately, it was less than 100,000 bpd, and only around 16,000 bpd of that comes from fields in areas under the former government's control.

This left Assad's regime — itself restricted by western sanctions — critically short of crude to feed its two refineries in Banias and Homs, even though both have been operating below capacity because of damage sustained during the civil war.

Iran helped plug the gap by sending crude and products to the 140,000 bpd Banias refinery on Syria's Mediterranean coast on an ad hoc basis.

Iranian crude exports to Syria averaged around 55,000 bpd in January-November this year, down from 80,000 bpd in 2023 and 72,000 bpd in 2022, according to data from trade analytics firm Kpler.

Vortexa puts shipments higher at 60,000 to 70,000 bpd so far this year and 90,000 bpd in 2023. Iran has also been sending around 10,000 to 20,000 bpd of refined products to Syria in recent years, according to consultancy FGE. Iran's oil exports to Syria have mostly been in the form of grants to support the Assad regime. The government's collapse could put an end to these flows for the time being, while Tehran takes a wait and see approach to what comes next in Syria.

The first sign of that came over the weekend when the Iran-flagged Lotus, which left Kharg Island on November 11, destined for Banias, reversed course just as it was about to enter the Suez Canal. The tanker is now headed back through the Red Sea without specifying a destination.

Although supplies to Syria make up a very small share of Iran's overall 1.6 million to 1.8 million bpd of crude exports, Tehran may not want to lose it as an outlet for good, given the difficulties of finding a replacement while sanctions remain in place.

"The flow will stop, at least for the time being," said Iman Nasseri, managing director for the Middle East at FGE.

Iran will want to continue supplying this oil to Syria, or else it may be forced to cut production by anywhere between 50,000 to 100,000 bpd if it is unable to ultimately place those barrels in China. Alternatively, Iran could opt to build the volumes it holds offshore in floating storage.

"We usually see the same tankers shuttling between Iran and Syria," according to Vortexa's senior oil analyst Armen Azizian. "If that trade subsides, we could see some of these tankers unemployed or put into floating storage, which would rise, at least in the short-term," he said.

Lotus is one of these tankers, having made the trip to Syria and back five times in 2023, and twice so far in 2024. The crude cargo it is carrying now "could be returned to Iran and put into onshore tanks or go into floating storage off Iran," Azizian said.

 

What Ayatollah says on fall of Assad regime?

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei directly addressed thousands of Iranians from different walks of on Wednesday. He spoke on current regional matters, particularly the latest developments in Syria.

Syrian President Bashar al-Assad’s government collapsed on Sunday after his army refrained from countering a new terror insurgency that began in the country’s northwestern Aleppo region.

Here are seven questions Ayatollah Khamenei answered on Syria during his Wednesday remarks:

1. Who is behind the latest resurgence of terrorism in Syria?

A neighbor of Syria has been involved. But the main architects have been the US and Israel

2. How did the US and Israel aid terrorists in their offensive?

A joint US and Israeli blockade effectively sealed Syria's land and air borders, preventing the entry of both people and humanitarian aid.

3. Could Syria have foreseen the insurgency that ousted Bashar al-Assad?

Iran's intelligence services warned Syria of the impending attacks months in advance of their execution in late November.

4. What will happen to the Syrian territories recently seized by the US and Israel?

They will eventually be liberated by the courageous youth of Syria.

5. How did the Syrian government collapse?

The Syrian government collapsed because of a lack of resistance from the country’s national army, which prevented volunteer forces from other areas from intervening.

6. Why did Iran maintain a presence in Syria in recent years?

Tehran’s goal was to eliminate Daesh terrorists who were a threat to not only Iran but the entire region. Iran was never supposed to replace the Syrian army.

7. What lessons can be learned from the recent developments in Syria?

One must not be heedless of the enemy. One must not underestimate its enemies either.